Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.econlet.2013.02.024
Title: Comparisons of stationary distributions of linear models
Authors: Zhu, S. 
Keywords: Comparisons
Linear models
Lorenz dominance
Stationary distributions
Issue Date: May-2013
Citation: Zhu, S. (2013-05). Comparisons of stationary distributions of linear models. Economics Letters 119 (2) : 221-223. ScholarBank@NUS Repository. https://doi.org/10.1016/j.econlet.2013.02.024
Abstract: In this note, I compare stationary distributions of the linear model Xn+1 = anXn + bn, where an and bn are non-negative random variables. I show that an increase of the variability of an and/or bn causes a less equal stationary distribution in terms of the Lorenz dominance. The result is useful in studies of wealth and income distributions. © 2013 Elsevier B.V.
Source Title: Economics Letters
URI: http://scholarbank.nus.edu.sg/handle/10635/124301
ISSN: 01651765
DOI: 10.1016/j.econlet.2013.02.024
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